European DataWarehouse to Help ABS Issuers Seeking the STS Designation via Bloomberg

Frankfurt, Germany— 6 June 2019

European DataWarehouse is pleased to announce a new initiative to help issuers of asset-backed securities (ABS) comply with Article 22(3) of the Securitisation Regulation (EU) 2017/2402.

The Securitisation Regulation (EU) 2017/2402 requires originators and sponsors to meet disclosure requirements for public securitisations to be eligible for the Simple, Transparent and Standardised (STS) designation through notification to securitisation repositories.

Issuers who subscribe for the Bloomberg Terminal service will now be able launch the Bloomberg Terminal’s Cash Flow Table (CFT) function for managing Cash-Flow Modeling STS disclosure requirements directly from the European DataWarehouse’s regulatory solution, EDITOR.

European DataWarehouse is the centralized data repository in Europe for collecting, validating, and distributing detailed, standardized, and asset class-specific loan-level data for ABS transactions and private whole loan portfolios. When providing data to the European DataWarehouse, sponsors and originators who are Bloomberg Terminal subscribers can now seamlessly access relevant cash flow models in order to meet defined transparency criteria within the STS disclosure requirements. This announcement is one of several regulatory initiatives for European DataWarehouse in 2019.

Dr. Christian Thun, CEO of European DataWarehouse noted “European DataWarehouse (ED) is pleased to facilitate access to Bloomberg cash flow models for market participants. This cooperation is one in a series of efforts to provide market participants with an integrated experience in order to access the tools and information they need under one roof. The will accelerate ED’s ability to continue to evolve with both user needs and regulatory developments.”

For more questions on EDITOR, European DataWarehouse’s regulatory solution, please contact enquiries@eurodw.eu.

About European DataWarehouse GmbH
European DataWarehouse (ED) is the first and the only centralized data repository in Europe for collecting, validating and distributing detailed, standardized and asset class specific loan-level data for Asset-Backed Securities (ABS) and private whole loan portfolios. ED stores loan-level data and corresponding documentation for investors and other market participants.

Operating as a market infrastructure and designated by the Eurosystem, ED aims to increase transparency and restore confidence in the ABS market. Through ED’s data, users are able to analyse underlying portfolios and compare portfolios on a systematic basis.

ED was established in 2012 as part of the implementation of the ECB ABS loan-level initiative. Since its inception as an initiative by the leading participants of the European securitisation market, ED has collected LLD and relevant documentation for more than 1,200 transactions.

For the latest updates from European DataWarehouse, please visit www.eurodw.eu.

 

Contact:

European DataWarehouse GmbH

Diane Wathen
Marketing & Communications Manager
Tel. 49 (0) 69 50986 9326
Email: diane.wathen@eurodw.eu